Hacker News new | ask | show | jobs
by aprilthird2021 395 days ago
What is the utility behind it? I don't see people using to actually do any transactions because of the volatility and fluctuating transaction fees. Scams can have momentum behind them
3 comments

Again, I'm going to mention that I'm looking at this from the sidelines.

I would argue that people make more purchases with Bitcoin than they do with gold.

Gold is similarly worthless as a currency. Which is why we don't use it as one any more.

It has plenty of utility, though. Open up any electronic device.

There are people who use crypto for transactions. Stablecoins are stable and for some people the fees are far lower than any alternatives.
I'm not much aware of this type of use case, but is that really the future of crypto? Stablecoins for countries hit by sanctions, etc.?
True fiscal self-sovereignty. Albeit quite volatile.
You can't have this if you are a citizen of any country